Finance Minister Nirmala Sitharaman has made an important announcement regarding middle class housing in the interim budget. The Finance Minister said that the government is going to bring such a scheme which will make it easier for the middle class to buy and build houses.
New Delhi: Finance Minister Nirmala Sitharaman on Thursday gave hope to the middle class in the interim budget. While presenting the interim budget, the Finance Minister said that the Central Government is going to bring a housing scheme to buy and build houses. Presenting the interim budget for 2024, the Finance Minister said that the government will launch a scheme to help the eligible section of the middle class living in rented houses, slums, chawls or unauthorized colonies to buy and build their own houses.
2 crore more houses in the next 5 years
Further, Sitharaman said that despite the challenges due to Covid, the implementation of PM Awas Yojana Gramin continued. He said that we are close to achieving the target of 3 crore houses. The Finance Minister said that 2 crore more houses will be built in the next 5 years. This will help in meeting the need arising from the increase in the number of families. The Finance Minister in his speech said, through roof-top solarization, 1 crore families will be able to get up to 300 units of free electricity every month. He said the scheme follows the resolution of the Prime Minister on the historic day of the consecration of Shri Ram Temple in Ayodhya.
Developed India by 2047
The Finance Minister said the government will undertake next-generation reforms to facilitate growth. He said that the next five years will be filled with unprecedented growth and golden moments to realize the dream of a developed India by 2047. While presenting the interim budget 2024-25, he outlined the strategy of ‘Amrit Kaal’. The Finance Minister also said that the recently announced India Middle East Europe Economic Corridor will be a game changer for India. He said the International Financial Services Center Authority (IFSCA) has created a strong gateway for foreign capital inflow.
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